Glossary
1 min read
What is insurance?
Something you buy to protect yourself if something goes wrong.
For property investors, it means covering you for things like if something happens to your house (like in a fire or storm), your income (you get sick), or your tenant misses rental payments.
You usually pay a little bit each month (called a premium) for your insurance. If something goes wrong, you make a claim to your insurance company, and they will pay out money to help you solve the problem.